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Quarterly Report For The Financial Period Ended 31 March 2018

Financials Archive

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Condensed Consolidated Statement Of Profit And Loss And Other Comprehensive Income
For The Quarter And Nine Months Ended 31 March 2018

Condensed Consolidated Statement Of Financial Position
As At 31 March 2018

Review of Performance

Comparison between Current Financial Quarter Ended 31 March 2018 and Previous Corresponding Quarter Ended 31 December 2016

A summary of the Group's performance is set out below:-

Surface Treatment & Precision Cleaning Division

Revenue for the current quarter increased 15.17% as compared to the preceding year corresponding quarter mainly due to increase in surface treatment services.

Gross profit margin decreased from 24.49% to 22.30% in the current quarter mainly due to higher utility expenses, direct labour cost and start up cost in Thailand in the current financial quarter.

For the current financial quarter, the Group suffer an exchange loss of RM531,000 resulting in a loss before tax of RM1.15 million as compared to a loss before tax of RM0.52 million in the previous year corresponding quarter.

Material Changes in the Quarterly Results as Compared with the Immediate Preceding Quarter

Surface Treatment & Precision Cleaning Division

The Group's revenue from Surface Treatment & Precision Cleaning for current financial quarter has decreased by 7.88% as compared to the immediate preceding quarter, the decrease in sales is mainly due to decrease in precision cleaning services of cassettes.

Gross profit margin for the surface treatment and precision cleaning division decreased from 26.54% to 22.30% mainly due to higher freight expenses in the current financial quarter.

The Group registered a loss before tax of RM1.15 million as compared to a loss before tax of RM1.07 million in the immediate preceding quarter.

Future Prospects

The next quarter is expected to remain weak. Our costs reduction efforts will materialized in the 2nd half of the year. Our Thailand factory should be ready towards the year end. Meanwhile our Surface treatment services continue to gain momentum in positive performance and we expect the Group's 2nd half year performance to show improvement.

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